CEX.IO News

Market spoofing attempts neutralized

, April 17, 2019

We’ve recently neutralized market spoofing attempts on CEX.IO. An internal investigation has been initiated in accordance with corporate procedures. A self-regulated crypto exchange, CEX.IO Ltd is a UK-based company operating in full accordance with British law.

Over its five-year history, the CEX.IO cryptocurrency exchange has proved its high standards of security for customer funds, efficient anti-fraud procedures, and compliance with regulatory frameworks. In addition to PCI DSS certification and MSB status with FinCEN, in December 2018, CEX.IO underwent an independent BSA/AML audit, including the evaluation of internal policies and procedures. In February 2019, CEX.IO reported a 30% decrease in fraud as a result of its upgraded KYC procedure.

What is market spoofing?

Market spoofing is a manipulative strategy when a fraudulent trader places fake limit orders to confuse other traders, who build their price perception in response. Later, the initial order is removed by the fraudulent trader before it’s executed. As a result, other traders lose their perceived profit.

Related

CEX.IO News

CEX.IO Partners with P2P Validator to Provide Cosmos and Tezos Staking

To ensure efficient staking of XTZ and ATOM for our customers, we partner with P2P Validator. This partnership will allow us to bring secure non-custodial liquid staking for different cryptocurrencies to customers.

Apr 22, 2020 | 6 min read
CEX.IO News

Ripple (XRP) trading now available for US customers!

Great news! From now on, US residents can fully use Ripple (XRP) as a digital asset on CEX.IO, including XRP deposits, withdrawals, trading, and simple purchase of XRP for USD using VISA or MasterCard.  The Ripple market on CEX.IO is currently presented with the following pairs: XRP/USD XRP/BTC At the moment

Dec 18, 2019 | 2 min read
CEX.IO News Company updates

Partnership between CEX.IO and XTRADE.IO for Cryptocurrency Market Advancement

Today, we at CEX.IO are happy to announce partnership with XTRADE.IO to make cryptocurrency trading more advanced. As a pioneer of cloud mining back in 2013 and one of the oldest cryptocurrency exchanges, CEX.IO is eager to support new players entering the sphere. In particular, we are pleased to

Jan 31, 2018 | 4 min read